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CrossfireTA
Jun 28, 2023 1:59 PM

Roadmap for KTOS 

Kratos Defense & Security Solutions, Inc.NASDAQ

Description

Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend (Crossfire Points), usually resulting in reactions.
Comments
nmjustdoit
What is this strategy?
CrossfireTA
@nmjustdoit, The theory behind Crossfire Technical Analysis is that bull trends and bear trends do not proceed and follow one another, but are happening simultaneously. Areas on the chart where the up and down trends cross (crossfire points) usually have an increase in price action/volatility. Since the trendlines are based on equilibrium areas and not highs and lows, the trend lines look different from most traditional trendlines. They are more like price magnets versus support/resistance.

That being said, on my personal charts I usually draw range lines around the trend lines to show the historical volatility and I do use them as support/resistance around the main trendline. I use the thinner dotted green lines to show this as on this KTOS chart.
nmjustdoit
@CrossfireTA, Is this an indicator on trading view?
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